Post
Topic
Board Economics
Re: why is bitcoin price not going up?
by
foggyb
on 10/08/2011, 16:56:11 UTC
Bitcoin swings 50% like it is nothing.  It could be made worthless by government intervention.  That is not a safe haven lol. 

Gold swings 500% over 10 years or so. Gold has been severely devalued and confiscated by government in the past. Try confiscating bicoins.

Silver has swings of 1000+ %.

Are they not safe havens? Yes, PM are still considered a safe haven.

Contrary to your "conclusion", they swing back UP after a downswing.